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Home-grown innovations: Rotating savings and credit associations (ROSCAs) as diverse economies

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The School of Global Studies hosted a visit by Assoc.Prof. Dr. Caroline Shenaz Hossein (pictured, middle) from York University, Canada, on 16 January 2019. Dr. Hossein is author of the book Politicized Microfinance: Money, power and violence in the Black Americas (University of Toronto Press, 2016) and editor of The Black Social Economy in the Americas: Exploring Diverse Community-Based Alternative Markets (Palgrave Macmillan, 2018) among others. Currently she is collaborating with Istvan Rado and Seri Thongmak (both SGS) on her upcoming volume on Solidarity Banking & Invincible Women: Understanding the Worldwide Phenomenon of ROSCAs.

At SGS Dr. Hossein delivered a presentation titled “Home-grown innovations: Rotating savings and credit associations (ROSCAs) as diverse economies” to faculty and second-year GSSE students. Following a decade of research Dr. Hossein argues that Black communities in the Americas organize self-help institutions to counteract racism in business and society. Her work highlights ROSCAs as part of a diverse solidarity economy and a worldwide phenomenon towards economic and social inclusion.